Published October 11, 2026 in Market Update

Southern Highlands is moving faster as supply stays tight

CNBC reported on October 7, 2026 that the average 30-year fixed mortgage rate reached 7.49%. That is a real headwind. Yet buyers here kept buying. That tells you something about demand in this market.

Across ZIPs 89123, 89183 and 89141 together, the Real Estate Data Aggregator counted 480 homes sold in the three months ending August 31, 2026. That is up 6.2% from the same months of 2025. At the same time, homes for sale across all three ZIPs fell 14.4%, to 676. More sales, less supply. That combination tightens the market for buyers.

ZIP 89141 is the standout

The Real Estate Data Aggregator counted 205 homes sold in ZIP 89141 in the three months ending August 31, 2026. That is up 19.2% from a year before. The median sale price rose 7%, to $572,221. Inventory fell 14.9%. And nearly 3 in 10 homes, 29.9%, went under contract within two weeks of listing. That share rose 6.5 points from 2025. This ZIP is moving.

ZIP 89123 is steady, not surging

The Real Estate Data Aggregator counted 165 homes sold in ZIP 89123 in the three months ending August 31, 2026, up 7.8% from 2025. The median sale price dipped a little, down 0.7% to $448,000. Homes for sale fell 24.4%, the sharpest supply drop of any ZIP here. Months of supply dropped 1.8 months, to 4 months. Sellers are still getting 98.3% of their list price on average, up 0.8 points from last year.

ZIP 89183 tells a different story

ZIP 89183 is the one part of this market moving in a different direction. The Real Estate Data Aggregator counted 110 homes sold there in the three months ending August 31, 2026, down 13.4% from 2025. The median sale price fell 1.7%, to $395,000. New listings rose 11.8%, and months of supply climbed 0.8 months to 5.3 months. More homes came on, fewer sold. Buyers have more room to choose here than in the other two ZIPs.

There is one bright spot in 89183. The Real Estate Data Aggregator shows the median days on market fell 8 days, to 49 days. Homes that do sell are selling faster than a year ago. Sellers just need to price carefully in this ZIP.

What the national picture adds

Nationally, Realtor.com reported that price cuts hit 20.8% of listings in September 2026, the highest share since October 2022. Here in 89141, the sale-to-list ratio held at 98.2% and did not budge from 2025, according to the Real Estate Data Aggregator. That gap between the national trend and this ZIP is worth noting.

The Federal Housing Finance Agency reported that U.S. home prices rose 2.6% from July 2025 to July 2026. ZIP 89141 outpaced that, with a 7% rise in median sale price over the same stretch, per the Real Estate Data Aggregator.

These are three-month totals for a reason. A single street, or even a single block, can move faster or slower than the ZIP code around it. If you want to know where your home sits inside these numbers, text me.